Ventuals to Compensate Users After SPACEX Market Volatility Caused by Oracle Error

KuCoinFlash

Release Time: 05/29/2026 02:38:37

Summary

Ventuals has announced compensation for users affected by recent market volatility caused by a SPACEX oracle error. An off-chain data provider submitted incorrect price data, triggering liquidations. The issue occurred approximately one hour ago on Hyperliquid. Ventuals is addressing the flaw and will process claims within 48 hours. Traders are advised to monitor altcoins closely amid ongoing market volatility.

Odaily Planet Daily reports: Ventuals, a project within the Hyperliquid ecosystem, posted on X: “We have noticed that approximately one hour ago, an incident occurred in our SPACEX market. A downstream data provider, as one of the oracle price components, returned incorrect data, causing significant fluctuations in the oracle price and mark price for this market, which triggered liquidations for some users’ positions. We have immediately taken measures to prevent similar incidents from occurring on any Pre-IPO markets, and we are currently assessing the impact of this event on affected users to develop an appropriate compensation plan.”

Affected users will be compensated within the next 48 hours.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.